CD rates for Dec. 27, 2012


I'm Greg McBride, senior financial analyst with, and here is your weekly look at yields on certificates of deposit.

There wasn't much movement in CD yields over this holiday-shortened week. What movement there was, was confined to longer maturities. The average five-year CD inched lower to 0.9 percent, while on larger jumbo CDs, the average four-year and five-year yields both moved lower, to 0.73 percent and 0.91 percent, respectively.

2012 will go down as another lousy year for savers. The average one-year CD yield started 2012 at what was then a record low of 0.34 percent and proceeded to fall even more, ending the year at an even lower low of 0.28 percent. It was the same story across all other maturities. The average five-year CD started the year close to record lows at 1.16 percent, and ended at a new low of 0.9 percent.

Despite this record-low interest rate environment, it is still important to shop around. To find the best-yielding cash investments -- from online savings accounts and money market accounts to CDs -- check out the free search engine at

I’m Greg McBride.


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